Etihad Airways, the UAE’s national carrier, has received financing from Abu Dhabi Commercial Bank (ADCB) for its first Airbus A380-800 aircraft, which was showcased to the public for the first time today at Abu Dhabi International Airport.

ADCB
is providing financing for one A380-800 aircraft following a competitive global
request for proposal. The A380 is the first of a fleet of ten A380s on
order from Etihad Airways to enter service.

James
Rigney, Chief Financial Officer of Etihad Airways, said: “We are thrilled to
secure strong interest from Abu Dhabi’s local banks as we continue our journey
of expansion. The new A380 marks the pinnacle of our service development
with the unveiling of the Residence by Etihad bringing a new level of luxury to
the skies never before seen in aviation history.

“ADCB
delivered competitive, market leading terms and conditions – a reflection of
the growing sophistication of local banks’ knowledge and expertise that is now
giving them the competitive advantage.”

During
the past ten years, Etihad Airways has raised more than US$8 billion from 68
financial institutions to fund the purchase of aircraft and engines.

Ala’a
Eraiqat, CEO and Board Member of ADCB, said: “We are delighted to have financed
Etihad Airways’ first A380-800 following a competitive bidding process and
share the success of this state of the art aircraft. Together, we are
championing Abu Dhabi’s commitment towards excellence and innovation, each in
our respective fields, creating a legacy for the UAE. The A380 financing has
been structured entirely in-house by ADCB meeting the highest aircraft
financing standards.”

Earlier
this year, Etihad Airways delivered a series of comprehensive training seminars
to UAE banks to share and promote local, specialist knowledge of aircraft
financing.

The Residence by Etihad™, exclusively
available on the A380, can accommodate single or double occupancy and features
a living room, separate bedroom with a double bed, and ensuite shower room.
Guests in The Residence will also have a personal Butler. It will
commence operations from Abu Dhabi to London Heathrow from 27 December 2014.